On January 3, 2024, Ximen Mining Corp. closed the transaction. The Company paid a cash commission of CAD 16,000 and issued 80,000 finders warrants to Qwest Investment Fund Management Ltd. The Company also paid a cash commission of CAD 2,240 and issued 11,200 finder warrants to PI Financial Corp. and paid a cash commission of CAD 4,400 and issued 22,000 finder warrants to Canaccord Genuity Corp. These finder warrants are valid for 3 years from closing with an exercise price of CAD 0.25. The financing closed in two tranches with the first tranche of 1,000,000 shares having a hold period until April 21, 2024 and the second tranche of 1,500,000 shares subject to a hold period expiring April 29, 2024. The closing of this private placement financing is subject to final TSX-V approval.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 17 placees including existing insider involvement of 1 insider for 360,000.